ST Telemedia Global Data Centres (STT GDC), KKR, and Singtel have announced the signing of definitive agreements for a KKR-led consortium to invest approximately US$1.3 billion in STT GDC, marking the largest digital infrastructure investment in Southeast Asia in 2024. The investment will be used to further STT GDC’s market position and support its international expansion and growth plans. STT GDC, headquartered in Singapore, is a leading data centre provider with more than 95 data centres across 11 geographies and a total combined capacity of over 1.7GW of IT load. The deal will see the consortium invest an additional US$920 million upon the full exercise of the warrants.